Friday, September 3, 2010

Hoboken Decreases Again...Downtown Jersey City Increases Again-Absorption Rate Update-September 3, 2010

The absorption rate for Hoboken decreased by another 7.5% this week as buyers continue to focus on Hoboken's amenties and proximity to New York City as a safe haven for their purchases.

Downtown Jersey's Absorption Rate slid another 28.8% this week to 72.7 weeks as buyers in downtown Jersey City hold off on purchases in the area.

Hoboken Absorption Rate Update 09/03/2010:

35.63 weeks vs. 38.49 weeks last week (7.5% decrease)

Downtown Jersey City Absorption Rate Update 09/03/2010:

72.7 weeks vs. 56.43 weeks last week (28.8% increase)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957

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